The hardest college to get into in America is the California Institute of Technology. With an acceptance rate of just 8.8% and typical SAT scores between 1500 and 1600, the California Institute of Technology is America's hardest college to get into, according to a list from academic review site Niche.com.
Premium is the amount of money you have to pay for getting a particular insurance. Deductible is the amount you have bear, or which is deducted from your claim amount. Deductible can be applicable pre claim - ie. each time you place a claim or for one event- one sickness.
What is an 'Insurance Premium'. An insurance premium is the amount of money that an individual or business must pay for an insurance policy. The insurance premium is considered income by the insurance company once it is earned, and also represents a liability in that the insurer must provide coverage for claims being made against the policy. Next Up.